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coming up the fiscal cliff they are all talking about the middle class. but is it just that? talk? and later he he was sentenced to death for a crime he didn't commit. i talked to damian of the west memphis three on "the view" on thursday. [ male announcer ] we all make bad decisions. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ and then there are the good decisions. like esurance. their coverage counselor tool helps you choose the right coverage for you at a great price. [ stomach growls ] without feeling queasy. that's insurance for the modern world. esurance. now backed by allstate. click or call. this is a tax on our children and grandchildren. this is a tax on people who aren't even here to defend themselves. it is the most deplorable way to suggest that this government run going forward than i can imagine. >> judge jeanine: just four more weeks before we reach that fiscal cliff. what happens if we fall off. with me is a strategist former pollster for pr
coming up the fiscal cliff they are all talking about the middle class. but is it just that? talk? and later he he was sentenced to death for a crime he didn't commit. i talked to damian of the west memphis three on "the view" on thursday. [ male announcer ] we all make bad decisions. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ and then there are the good...
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coming up the fiscal cliff they are all talking about the middle class. but is it just that? talk? and later he he was sentenced to death for a crime he didn't commit. i talked to damian of the west memphis three on "the view" on thursday. with the spark miles card from capital one, thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics. put it on my spark card. ow. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve great rewards. [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? [ cheers and applause ] this is a tax on our children and grandchildren. this is a tax on people who aren't even here to defend themselves. it is the most deplorable way to suggest that this government run going forward than i can imagine. >> judge jeanine: just four more weeks before we reach that fiscal cliff. what happens if we f
coming up the fiscal cliff they are all talking about the middle class. but is it just that? talk? and later he he was sentenced to death for a crime he didn't commit. i talked to damian of the west memphis three on "the view" on thursday. with the spark miles card from capital one, thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics. put it on my spark card. ow. [ garth ] why...
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i'm still convinced they are not going to come to an agreement on the fiscal cliff unless compelled to do so by an adverse external event like a sharply lower equity market. lou: and is, you know, i can't imagine a market ever going down as john is suggesting here simply because a government chooses not to function. >> well, if it means we're headed into recession, the markets will react. in a typical bear market, stocks sell off by 20%. it's great to have a compromise before the year end, but time is running out. it's not possible. lou: how is it that a treasury secretary responsible for the integrity of the markets, the currency, responsible, indeed, for the financial system of this country, largely, broadly, and internationally, would sink to the level of a political operative making statements about we're going over the fiscal cliff and we're ready to go. >> the president put him in charge of the negotiations from his point of view. lou: clever. >> he's wearing two hats at this point in time. consider here, yes, there's a big complicated negotiation that needs to take place, but th
i'm still convinced they are not going to come to an agreement on the fiscal cliff unless compelled to do so by an adverse external event like a sharply lower equity market. lou: and is, you know, i can't imagine a market ever going down as john is suggesting here simply because a government chooses not to function. >> well, if it means we're headed into recession, the markets will react. in a typical bear market, stocks sell off by 20%. it's great to have a compromise before the year...
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coming up the fiscal cliff they are all talking about the middle class. but is it just that? talk? and later he he was sentenced to death for a crime he didn't commit. i talked to damian of the west memphis three on "the view" on thursday. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actual like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. this is a tax on our children and grandchildren. this is a tax on people who aren't even here to defend themselves. it is the most deplorable way to suggest that this government run going forward than i can imagine. >> judge jeanine: just four more weeks before we reach that fiscal cliff. what happens if we fall off. with me is a strategist former pollster for president clinton doug schoen and fox news contributor and former pollster for president carter pat caddell. guys thanks and ladies thanks for being with us this even
coming up the fiscal cliff they are all talking about the middle class. but is it just that? talk? and later he he was sentenced to death for a crime he didn't commit. i talked to damian of the west memphis three on "the view" on thursday. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actual like something. ♪ the lexus december to remember sales event is on,...
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. >> when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: he and the president spoke by phone, only once all week, and it didn't produce much. >> just more of the same, it is time for the president to be serious, to come back to us with a counter offer. >> reporter: but what may have been most notable what was john boehner did not say. he did not repeat his demand to keep taxes cuts for the wealthy in place, the biggest issue that divides them, instead he said this. >> there are a lot of things possible for the revenue, to put on the table. but none of it will be possible if the president insists on his position, insists on my way, or the highway. >> reporter: aides to john boehner and the president who are doing the negotiating are tight-lipped. but others suggest possible compromise on the thorny tax issue. one, instead of raising the current tax rate on the wealthy from the 37% from the bush tax era, to 36%, as the president wants, pick a middle ground. republicans are so concerned about small b
. >> when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: he and the president spoke by phone, only once all week, and it didn't produce much. >> just more of the same, it is time for the president to be serious, to come back to us with a counter offer. >> reporter: but what may have been most notable what was john boehner did not say. he did not repeat his demand to keep taxes cuts...
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cliff. the president says raising money on the wealthiest americans could raise a trillion dollars. from the best players in history to the number 1 club in the world. the potential of manchester united unlocked. nyse euronext. unlocking the world's potential. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> if congress and the president can reach a deal on averting the fiscal cliff it may well mean higher taxes for the wealthiest americans. cnn political editor paul steinhauser explains what that means. >> hey, joe. raising taxes on high earning americans is the biggest sticking point between president obama and congressional republicans as they try to hammer out a deal to
cliff. the president says raising money on the wealthiest americans could raise a trillion dollars. from the best players in history to the number 1 club in the world. the potential of manchester united unlocked. nyse euronext. unlocking the world's potential. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans...
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. >> obviously i think all of us and all americans a resolution of this issue of the fiscal cliff so that people can live next year with a sense of predictability, with a sense that we can have a growing economy, and, frankly, peace in the world. >> and the place on this committee? >> i think it would be fun to do. >> i'll take that as a yes. >> senator lieberman. >> christmas and hanukkah. >> yes. >> what would i like from the president? that he pick the leadership he's been empowered with the election, bring the parties together beginning with speaker boehner and other leaders agree on a bipartisan package that will reduce debt, increase tax and cut increases on spending entitlements. that will do it and usher in a brilliant new period in america's economic history. >> sounds good. senator graham. >> three things, that the president would have -- >> this i thought we only had one. >> this is america you can have three the president will leave a force in afghanistan of 15 to 20 thousand to make sure the place doesn't fall back in to radical hands. that the people get behind syria an
. >> obviously i think all of us and all americans a resolution of this issue of the fiscal cliff so that people can live next year with a sense of predictability, with a sense that we can have a growing economy, and, frankly, peace in the world. >> and the place on this committee? >> i think it would be fun to do. >> i'll take that as a yes. >> senator lieberman. >> christmas and hanukkah. >> yes. >> what would i like from the president? that he...
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economy if washington fails to come up with the solution. and joining me now, angela mcglowan, a fox news political analyst and doug cornell, a former spokesperson for the democratic congressional campaign committee and a democratic strategist. great to see both of you. >> thank you, good to be with you. >> doug, you first, president obama and his weekly address this weekend says that democrats have some wiggle room on what they're willing to give to get a deal done. what are they willing to give? >> well, first of all, remember that as part of the budget control act the president signed into law about a trillion dollars in cuts and right now the president's priority is to pass a middle class tax cut and benefit 97% of small businesses, and that's the first priority and then, obviously, second part is to deal with the fiscal cliff and he's put entitle and spending cuts on the table and i think really, the issue here is whether republicans are going to be on the tax rates for the upper income folks. if that happens i think we'll have an agree
economy if washington fails to come up with the solution. and joining me now, angela mcglowan, a fox news political analyst and doug cornell, a former spokesperson for the democratic congressional campaign committee and a democratic strategist. great to see both of you. >> thank you, good to be with you. >> doug, you first, president obama and his weekly address this weekend says that democrats have some wiggle room on what they're willing to give to get a deal done. what are they...
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cliff is coming to town. merry cliffmas. if the parties here cannot agree to a budget deal by january 1st, automatic spending cuts will kick in and plunge america into a second recession. and things are not looking too good. >> democrats and republicans are blaming each other for the negotiations. >> who's going to blink first? >> who's going to blink first? >> the white house is daring republicans to blink. >> obama is daring republicans literally to blink. the joke's on him because i know some republicans who have had their eyelids surgically removed. >>> also, what caused former indiana senate candidate richard mourdock at first the likely winner in that race to end up losing to joe donnelly? you might well point to this moment from a mourdock/donnelly debate. >> i struggled with it myself for a long time but realized life is a gift from god. even when life begins in the horrible situation of rape it is something god intended to happen. >> mourdock's popularity plummeted after that. now he's trying to pay
cliff is coming to town. merry cliffmas. if the parties here cannot agree to a budget deal by january 1st, automatic spending cuts will kick in and plunge america into a second recession. and things are not looking too good. >> democrats and republicans are blaming each other for the negotiations. >> who's going to blink first? >> who's going to blink first? >> the white house is daring republicans to blink. >> obama is daring republicans literally to blink. the...
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> joining me now, white house correspondent for the hill and congressional correspondent ed o'keith. hi, guys, good to see you both. >> good morning. >> you heard john boehner. we'll start with you. meanwhile the white house say republicans are the ones to blame for dragging their feet. at least publicly, seems we're walking on a treadmill, getting nowhere. anything bigger churning behind the scenes? >> we certainly hope so. the fact two sides do toin to talk, even if we don't necessarily hear about every detail is encouraging. it does appear republicans are getting close to the idea of raising -- sorry, of cutting taxes for middle income americans and maybe sorting out higher incomes a little later. certainly things aren't necessarily going the republicans way. i think we've seen polling this week that suggests congressional republicans would be held to account if, in fact, the country does go over the cliff. but friday sort of signaled, as boehner said, the
when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> joining me now, white house correspondent for the hill and congressional correspondent ed o'keith. hi, guys, good to see you both. >> good morning. >> you heard john boehner. we'll start with you. meanwhile the white house say republicans are the ones to blame for dragging their feet. at least publicly, seems we're walking on a treadmill, getting...
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cliff come the first of the year. that's what major program cuts and tax hikes on all americans would automatically kick in unless there's a deal. >> everybody in this country will have to participate in some discomfort if we are to going to get out of this. and longs we continue to lie to the american people that you can solve this problem without adjusting and working on those programs, it is dishonest beneath anybody in washington. >> but right now the only thing i hear, the only thing we see is middle class families being asked over and over again to be the ones who have the burden in solving this problem and we are saying no. >> so you see those congressional members debating this morning on abc this week with george stephanopoulos. so far both parties have held a lot of news conferences to posture their talks but george stephanopoulos said there's been less than one hour of serious negotiating. lisa argen is here with a preview of the accuweather forecast. not looking too serious out there. >> no. it's calm. eme
cliff come the first of the year. that's what major program cuts and tax hikes on all americans would automatically kick in unless there's a deal. >> everybody in this country will have to participate in some discomfort if we are to going to get out of this. and longs we continue to lie to the american people that you can solve this problem without adjusting and working on those programs, it is dishonest beneath anybody in washington. >> but right now the only thing i hear, the only...
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martha: a lot of the leadership and the players in these fiscal cliff discussions coming to the microphones moments ago. here is eric cantor, here is what he said. >> we have not had any discussion and any specific w-s thispecifics with this president about the real problem which is spending. we have got to do something about the spending. an obsession to raise taxes is not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on the wasteful spending in washington. we can't just keep borrowing money and raising taxes and roblem to go away. that is our point to the president. as the speaker said, we want to sit down with the president waoerbgs wan, we want to talk spefrs. w specifics. we put an offer on the table. he out of hand rejected that. where are the specifics, and the discussions, nothing is going on. meanwhile people of this country are the ones who suffer. we ask the president, be specific about the spending, so we can address the wasteful spending in washington and address the problem. martha: eric cantor and john boehner saying
martha: a lot of the leadership and the players in these fiscal cliff discussions coming to the microphones moments ago. here is eric cantor, here is what he said. >> we have not had any discussion and any specific w-s thispecifics with this president about the real problem which is spending. we have got to do something about the spending. an obsession to raise taxes is not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on the...
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i'll be back with more coming up in a few minutes. >>> the fiscal cliff doesn't drop off for almost three weeks but this morning federal agencies have new marching orders from the white house. >> they do. they've been told to prepare for more than $100 billion in spending cuts. susan mcginnis reports there are few signs ever progress to fix this fiscal cliff so far. >> reporter: social security workers marched outside their office in baltimore wednesday. they're protesting the government spending cuts due to kick in at the end ever the year as part of the fiscal cliff. >> we don't want to see our public hurt in any way. >> reporter: just down the road in washington, d.c., the standoff continues. house speaker john boehner says he is still waiting for president obama to make his next counteroffer to the republican plan he rejected. >> we need a response from the white house. we can't sit here and negotiate with ourselves. >> reporter: the president and boehner spoke on the phone wednesday but republicans want more. >> we want to sit down with the. we want to talk specifics. >> reporter: wh
i'll be back with more coming up in a few minutes. >>> the fiscal cliff doesn't drop off for almost three weeks but this morning federal agencies have new marching orders from the white house. >> they do. they've been told to prepare for more than $100 billion in spending cuts. susan mcginnis reports there are few signs ever progress to fix this fiscal cliff so far. >> reporter: social security workers marched outside their office in baltimore wednesday. they're protesting...
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oking at the real nbers the fiscal cliff. werojeed it out over 10 years if we sow you the big fufull screene made and numbers look pretty scary from tax perspective ther if we went er the fiscal clit would increase taxes 5.6 trillion. that is 10-year period. fairly say no one believes we would staon the road for 10 years. i want to do it so you do side by side comparison. spending cuts 1.2 trillion. the president wants to raise taxes 1.6 trillion. cut spending by 600. the house plan looks like sort of a flip-flop of that. what do you think of all these numbers. what do u make of it? what is your first impression? >> i think the point that you made is almost in passing is very ey point. thesese areprections. the 10-year projections. when was last time in washington 10-year spending projections actually came in at or low what the projections wewere met to be it never happens. sames true o the revenue side wit taxes. i think the numbers we're lang out here are probly the quote, uuote best-case scenario terms of what could actual
oking at the real nbers the fiscal cliff. werojeed it out over 10 years if we sow you the big fufull screene made and numbers look pretty scary from tax perspective ther if we went er the fiscal clit would increase taxes 5.6 trillion. that is 10-year period. fairly say no one believes we would staon the road for 10 years. i want to do it so you do side by side comparison. spending cuts 1.2 trillion. the president wants to raise taxes 1.6 trillion. cut spending by 600. the house plan looks like...
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is economic problems does this tax debate or even as fiscal cliff debate begin to scratch the surface of the crisis. former republican strategist author and historian kevin phillips is here with lessons we can learn from seventeen seventy five the subject of his latest book that many a politician may benefit from actually reading. from a long time and bald churchy i don't do it anymore of those boys much they do not read his words will. they go and the as these the is reportedly investigating going to be providing twelve billion dollars in derivatives trading losses in two thousand and eight yeah yeah there's a list of alleged bad bank behavior how is good capitalism though being driven out by bad capitalism all will break it down and word of the day plus alan greenspan says a painless solution to the u.s. debt is a fantasy finally something we can agree on more in loose change let's get to today's capital account. our guest kevin phillips made a name for himself in the late one nine hundred sixty s. as a g.o.p. operative who coined the phrase and wrote the book the emerging republica
is economic problems does this tax debate or even as fiscal cliff debate begin to scratch the surface of the crisis. former republican strategist author and historian kevin phillips is here with lessons we can learn from seventeen seventy five the subject of his latest book that many a politician may benefit from actually reading. from a long time and bald churchy i don't do it anymore of those boys much they do not read his words will. they go and the as these the is reportedly investigating...
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thank you. >> my pleasure. >>> coming up, the president goes looking for fiscal cliff support. why did he seek it from governors when he needs support from congress? we'll talk to one of the governors the president met with on "weekends with alex witt." i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. vaga had no tolerance for such dastardly deeds. finally... [ male announcer ] when you combine creamy velveeta with zesty rotel tomatoes and green chilies, you get a bowl of queso that makes even this get-together better. yofor giving the perfect gift?le just have a knack you get a bowl of queso they put real thought into it. and find just... the right...thing. how do they do that? more saving. more doing. that's the power of the home depot. pick up a ridgid jobmax multi-tool starter kit and get a free head attachment. >>> welcome back to "weekends with alex witt" at 32 past the ho
thank you. >> my pleasure. >>> coming up, the president goes looking for fiscal cliff support. why did he seek it from governors when he needs support from congress? we'll talk to one of the governors the president met with on "weekends with alex witt." i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by...
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. >> still to come on america's news headquarters, fiscal cliff fiasco. enough about tax rates going up, the outrageous thing virtually no one's talking about is our spending problem. america is $16 trillion in debt and counting. how much does each american -- you! owe? we'll break it dowfnlt regulation nation. the federal government wants to take away people's homes, tear them down and plant grass, all in the name of environmental cleanup. democrats and robberies robberie joined forces to fight back. >> isn't there anyone who know what is christmas is all about? >> everyone loves charlie brown, right? not so fast. the beloved cartoon character is caught up in a war on christmas. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >> the holidays are a time for giving and a perfect time to remember those who have hel
. >> still to come on america's news headquarters, fiscal cliff fiasco. enough about tax rates going up, the outrageous thing virtually no one's talking about is our spending problem. america is $16 trillion in debt and counting. how much does each american -- you! owe? we'll break it dowfnlt regulation nation. the federal government wants to take away people's homes, tear them down and plant grass, all in the name of environmental cleanup. democrats and robberies robberie joined forces...
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no end in sight for the fiscal cliff hanger. >> when it comes to the fiscal cliff threatening our economy and jobs the white house has wasted another wee>> why speaker says the president's my way or the highway approach is getting us nowhere. >> the feds are borrowing nearly a billion dollars a day. so why is the white house saying reducing our debt not really the goal? >> thank you, eric, it's the most watched video on the internet of all time. he is set to perform for the president. gangnam style said about our soldiers a few years ago. that controversy kicking up this morning. "fox & friends" hour one begins right now. >> get out the coffee. wake up, everyone, thank you so much for waking up with tus, it is "fox & friends" on this saturday morning. dave bowling in for dave briggs. >> come in and do the show with us today. more filling in today than the regulars. we are glad to be on with you clayton. >> you are on an interesting morning because congress now just 23 days left, 23 days until we head off that flif. fiscal cliff. if you listened to speaker boehner yesterday he is reading r
no end in sight for the fiscal cliff hanger. >> when it comes to the fiscal cliff threatening our economy and jobs the white house has wasted another wee>> why speaker says the president's my way or the highway approach is getting us nowhere. >> the feds are borrowing nearly a billion dollars a day. so why is the white house saying reducing our debt not really the goal? >> thank you, eric, it's the most watched video on the internet of all time. he is set to perform for...
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>>> coming up, in the debate over the fiscal cliff deal, which side is winning the public opinion war? who most americans say gets the message. ♪ ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. cliff approaching who is winning the messaging war? >> according to a new rase -- rasmusson poll, americans will insist on spending cuts and 40% think president obama will insist on only tax increases. let's bring in scott rasmusson from rasmusson reports. take us behind the numbers. what do you see here? >> the reason they are losing the war is they think it is about deficit reduction. they think it won't lead to serious deficit reduction. the president is talking about a fairness issue. since the republicans aren't engaging on that, he is winning. >> so what about raising taxes? president obama is standing firm on his position to raise taxes on the nation's top earners. how do people feel about that? joy they like that idea. -- >> they like that idea. 52% want a ca
>>> coming up, in the debate over the fiscal cliff deal, which side is winning the public opinion war? who most americans say gets the message. ♪ ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. cliff approaching who is winning the messaging war? >> according to a new rase -- rasmusson poll, americans will insist on spending cuts and 40% think president...
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let's talk fiscal cliff. the median prediction is 1.5 million jobs may be lost next year including 110,000 in the defense industry if lawmakers fail to come up with an agreement soon. let's talk about the rivalry between twitter and facebook. twitter says users are experiencing issues with viewing instagram photographs. facebook looking at purchasing the service, driving traffic to its own website. a 13-year-old girl thinks the classics easy-bake oven should be marketed to boys as well. and wonder bread/host this may have a buyer -- hostess. >> we will talk to you soon. still to come, an online business has turned into a court battle in fairfax county. >> and a boost for those >> president obama has declared d.c. a disaster area, opening up federal money to help cover emergency work and repairs from the storm. and to protect against future disasters. chris christie expected to be in d.c. today pressing for more aid following hurricane sandy. the new jersey governor wants full federal reimbursement for some st
let's talk fiscal cliff. the median prediction is 1.5 million jobs may be lost next year including 110,000 in the defense industry if lawmakers fail to come up with an agreement soon. let's talk about the rivalry between twitter and facebook. twitter says users are experiencing issues with viewing instagram photographs. facebook looking at purchasing the service, driving traffic to its own website. a 13-year-old girl thinks the classics easy-bake oven should be marketed to boys as well. and...
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obama's plea for recovery funds comes as he negotiates with the republicans to avoid the so-called fiscal cliff it's a set of spending rises and tax cuts that are set to take effect on the first of january and could be ruinous to the economy but does the average american fear the looming june artie's new yorker resident try to find out. america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans do you know so then why is the media talking about it incessantly well so go there i guess i'm not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i think that if i ignore it all go away do you think calling it something like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom and the media loves that yeah i do think there's
obama's plea for recovery funds comes as he negotiates with the republicans to avoid the so-called fiscal cliff it's a set of spending rises and tax cuts that are set to take effect on the first of january and could be ruinous to the economy but does the average american fear the looming june artie's new yorker resident try to find out. america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you...
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i don't want to only talk about the fiscal cliff when nothing we're doing is coming close to deal with these issues. melissa: we talk about how hard it is to simplify the tax code. our guest before you guys said the same thing. it could be really simple. we could put out three rates for people with absolutely no deductions exceptions. if you're in this group you pay 35% or whatever. make up your number. >> right. melissa: if you're in this group pay 30, and this group pay 25. no exceptions, no deductions that would be one page tax code. whats wro with that, michael. >> because we live in a complex country with complex countr you don't want people, somebody with $50,000 of emergency medicalxpenses exactly the same as somebody who doesn't have those things? you want to tree somebody, the fact of the matter is you want to lance between simplicity and targeting. you want to balance between fairness and revenue. you need to make these - melissa: who dids decides what is fair? get out there and we pick nners and losers we say who's problem is worth taxpayer dollars and who's problem is not t
i don't want to only talk about the fiscal cliff when nothing we're doing is coming close to deal with these issues. melissa: we talk about how hard it is to simplify the tax code. our guest before you guys said the same thing. it could be really simple. we could put out three rates for people with absolutely no deductions exceptions. if you're in this group you pay 35% or whatever. make up your number. >> right. melissa: if you're in this group pay 30, and this group pay 25. no...
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Dec 9, 2012
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the fiscal cliff, dealing with that, it's only the beginning. >> if you're sitting at home, whether you're in the middle class, upper class or searching for a job and slipping into lower class, why should you care about this and what can you do to affect change if washington so there's let political theater and more action? >> that's a major concern for members of congress. we're talking about the debt and deficit but the focus turned away from jobs. that's why i think the deal that is struck may not be if -- the cuts may not be effective immediately. maybe takes rates take a year to kick in because the economy is fragile. people who are out of a job don't want the economy to tank further. they want a job in 2013. congress has to be very careful to get a deal that actually doesn't put us back into recession. as you know, there's not a lot of confidence in congress so there's fear congress will mess it up. >> that's been the situation for a long time. people want to unfasten their seat belts on this. we'll keep a close eye on it. we appreciate you joining in. >> thank you. >> from down here
the fiscal cliff, dealing with that, it's only the beginning. >> if you're sitting at home, whether you're in the middle class, upper class or searching for a job and slipping into lower class, why should you care about this and what can you do to affect change if washington so there's let political theater and more action? >> that's a major concern for members of congress. we're talking about the debt and deficit but the focus turned away from jobs. that's why i think the deal that...
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Dec 8, 2012
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what they offered in return was an empty letter. >> when it comes to fiscal cliff that's threat nick our economy and threatening jobs, the white house has wasted another week. >> tax cuts is what caused the fall of the united states from super power status. >> this president just won a big election and you would think that he would want to lead. >> we've had the election. the president was clear in the campaign that he was advocating and fighting for the middle income tax cuts. >> tax cuts. the whole premise of tax cuts is going to be blamed for all of this economic mess. >> this is a moment of truth. the clock is ticking, christmas it coming, the goose is getting fat. in many homes across america, it's a very, very lean time. >> the reports indicate that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. >> greta: with us is co-host of the five, greg gutfeld. he has a new book out, the joy of hate. he's been on a road trip having a book tour, so he has been talking to lots of people and they have been talking to him. so we
what they offered in return was an empty letter. >> when it comes to fiscal cliff that's threat nick our economy and threatening jobs, the white house has wasted another week. >> tax cuts is what caused the fall of the united states from super power status. >> this president just won a big election and you would think that he would want to lead. >> we've had the election. the president was clear in the campaign that he was advocating and fighting for the middle income...
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Dec 11, 2012
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if no deal is struck and the fiscal cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in the room and that will absolutely leave an awful lot of voters, democratic and republican, unhappy. >> i want to take a closer look at what each side wants in the fiscal cliff and dpoeshiations, where they stand on taxes and savings. gloria borger joining us live. that was pretty cool what tom did. >> love that virtual studio. >> unbelievable. >> great. >> tell us a little bit about the sticking point here. it's about the taxes on the wealthiest 2% of americans and the president sticking to that. republicans, it looks like some of them at least willing to move or budge on that. where do we stand? >> a little bit. we're kind of in the part of this where each side's waiting for the other side to go first, suzanne. and of course, the big sticking point, as you point out, is revenues. they have to figure out what to do about revenues before they figure out what to do about anything else. let's take a look at this. there's a big dif
if no deal is struck and the fiscal cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in the room and that will absolutely leave an awful lot of voters, democratic and republican, unhappy. >> i want to take a closer look at what each side wants in the fiscal cliff and dpoeshiations, where they stand on taxes and savings. gloria borger joining us live. that was pretty cool what tom did. >> love that virtual...
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Dec 5, 2012
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. >> plus free speech on the fiscal cliff from a local congressman coming up. >> > >> >> pelley: finally tonight, dave brubeck was a jazz pioneer who kept his own kind of time. as a pianist and compose ever, he challenged the standard musical cadence with exotic rhythms and styles. brubeck, who would have turned 92 tomorrow, died today. anthony mason takes time out to remember his work. >> reporter: dave brubeck's music was a defining sound of jazz clubs in the '50s and '60s. a "time" magazine cover story in 1954 described him as a wigging cat with a far out wail. >> are there any rules for improvisation? >> you bet your life there are and the rules in jazz would just scare you to death. >> reporter: the son of a california cattle rancher and classically trained pianist, brubeck had a natural ear for melodies. at home in connecticut in 1961 he told walter cronkite -- >> it's like a baseball player or any athlete. he's only good when he instinctively does the right thing. the dave brubeck quartet's signature tune "tyke five" appeared on their landmark album "time out." released in 1959, i
. >> plus free speech on the fiscal cliff from a local congressman coming up. >> > >> >> pelley: finally tonight, dave brubeck was a jazz pioneer who kept his own kind of time. as a pianist and compose ever, he challenged the standard musical cadence with exotic rhythms and styles. brubeck, who would have turned 92 tomorrow, died today. anthony mason takes time out to remember his work. >> reporter: dave brubeck's music was a defining sound of jazz clubs in the...
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Dec 11, 2012
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but i would say that the fiscal cliff discussions are definitely not helping. i think consumers see the implications of tax reduction, for example, coming off -- lou: what would that do to the market if it were to be implemented? >> well, i think it'll definitely hurt the market, and i think i would not recommend doing that at this stage of recovery. lou: somehow i thought that would be your answer, as it would be for most homeowners who have gotten used to that deduction. >> sure. lou: sanjiv, great to have you. >> my pleasure. lou: sony's "skyfall" retained the top spot. the james bond movie took in another 11 million lifting its domestic total to more than 261 million worldwide. "skyfall" has brought in more than $900 million so far, that makes it sony's highest-grossing film in history. the film, by the way, will open in china early next year which should boost those numbers, i would guess, a little. the movie "rise of the guardians," it was second with $10.5 million in sales. a really quiet weekend. twilight's breaking dawn part 2 taking third place, it br
but i would say that the fiscal cliff discussions are definitely not helping. i think consumers see the implications of tax reduction, for example, coming off -- lou: what would that do to the market if it were to be implemented? >> well, i think it'll definitely hurt the market, and i think i would not recommend doing that at this stage of recovery. lou: somehow i thought that would be your answer, as it would be for most homeowners who have gotten used to that deduction. >> sure....
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Dec 6, 2012
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it is important to avoid the fiscal cliff and to do it the right way. >> reporter: doing it the right with a depends on who you are speaking to. i asked chris van hollen what happens if the white house and republicans in congress cannot reach a deal by january 1st. >> it doesn't necessarily mean january 2nd the world falls apart. but what it does mean is, if you go into january, deeply into january without having resolved these issues, taxes will go up across the board on everybody. that is a big tax increase. >> reporter: and deep across the board spending cuts in defense and other areas of the federal government. >> the plans that the white house has talked about thus far, they couldn't pass either house of the congress. >> reporter: president obama says he will not sign a bill without a tax increase on incomes over $250,000. he met with a room full of ceos in washington today. >> i know that many of you have come down here to try to see, there a way we with break through the logjam and go ahead and get things done. and i'm here to tell you that nobody wants to get this done more th
it is important to avoid the fiscal cliff and to do it the right way. >> reporter: doing it the right with a depends on who you are speaking to. i asked chris van hollen what happens if the white house and republicans in congress cannot reach a deal by january 1st. >> it doesn't necessarily mean january 2nd the world falls apart. but what it does mean is, if you go into january, deeply into january without having resolved these issues, taxes will go up across the board on everybody....
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when it comes to the fiscal cliff threatening our economy and jobs the white house has wasted another week. >>reporter: he calls officials saying they are ready to go over the trip. >>shepard: democrats insist that revenue, revenue, revenue is the key. >>guest: president obama campaigned on it and obviously won and democrats insist upper income americans should pay higher taxes but there could be room to negotiate but their point is they don't want to talk about other aspects of a deal until the g.o.p. gives in on their demand for more tax money. >> what is lacking are the revenues. we cannot cut your way to deficit reduction. what reduces the deficit are jobs. job creation. after spending cuts, and medicare saving, and next is the revenue. >>reporter: leader pelosi spent time at the white house today meeting with president obama on what we are told are a number of issues. >>shepard: thank you, mike, from washington, dc. we know that business collects information from us when we go to our website our mobile apps. usually it is legal. there is a new law that requires companies to notif
when it comes to the fiscal cliff threatening our economy and jobs the white house has wasted another week. >>reporter: he calls officials saying they are ready to go over the trip. >>shepard: democrats insist that revenue, revenue, revenue is the key. >>guest: president obama campaigned on it and obviously won and democrats insist upper income americans should pay higher taxes but there could be room to negotiate but their point is they don't want to talk about other aspects...
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Dec 5, 2012
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so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this comes on -- the speech is coming on a breaking news day jenna of what you and i were talking about and that is basically citigroup laying off 11,000 workers as the president is now speaking to the business roundtable. those layoffs at the nation's third biggest bank have begun. jenna: let's talk a little bit more about that, liz, that news came into our newsroom a couple of hours ago. you've been working this. learning more about also what is to come for the big bank. why is the bank making such massive job layoffs now and what is really to come in the next year or so? >> reporter: yeah, what we're talking about here is essentially this is citigroup, this i is the bank that got $476 billion in bailout help. it got the most bailout help of any bank. what happened was citigroup was -- its ceo had stepped down a couple months ago, now they have a new ceo by the name of michael corbett, an is working very aggressively to cut out the excess, the middle management layers,
so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this comes on -- the speech is coming on a breaking news day jenna of what you and i were talking about and that is basically citigroup laying off 11,000 workers as the president is now speaking to the business roundtable. those layoffs at the nation's third biggest bank have begun. jenna: let's talk a little bit more about that, liz, that news came into our newsroom a couple of...
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Dec 6, 2012
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if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthy. >> all right. it appears the very definition of the american dream is now being rewritten by president barack obama. now, today our commander-in-chief publicly said he's not going to play games with the fiscal cliff, but that is just not reality. right now the president is playing a very dangerous game of chicken and this is with your paycheck and the american dream. meanwhile, the republicans have allowed themselves to get caught in a circular firing squad. they're negotiating publicly among themselves while true conservatives and tea party members are being removed from key committees. today speaker john boehner adopted the president's class wawarfare rhetoric. shocking? watch this. >> we've got to cut spending, and i believe it's appropriate to put revenues on the table. now, the revenues we're putting on the table are going to come from, guess who, the ric
if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthy. >> all right. it appears the very definition of the american dream is now being rewritten by president barack obama. now, today our commander-in-chief publicly said he's not going to play games with the fiscal cliff, but that is just not reality. right now the...
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. >>> and is this what the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us. steve satich, ohio congressman, steve latourette, and ambassador nick burns are our guests this morning. it's thursday, december 6th, and "starting point" begins right now. >>> welcome, everybody. our starting point this morning, some major developments to tell you about in egypt, after angry protests against political moves by the president, mohamed morsi, have turned deadly. tanks, armored personnel vehicles, all stationed outside the presidential analysis cairo. not only are they guarding the palace, they're also keeping apart supporters and opponents of morsi. hundreds of his islamist supporters already taking to the streets in cairo this morning. opponents are gat
. >>> and is this what the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us. steve satich, ohio congressman, steve latourette, and ambassador nick burns are our guests this...
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Dec 7, 2012
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> we've had time. the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter lacking in specifics. >> meanwhile, vice president biden is having lunch with several middle class americans who would see their income taxes go up if the tax cuts are not extended. all of this comes as the first jobs report since the election exceeded expectations. the u.s. economy added some 146,000 jobs last month. that was enough it to drive the unemployment rate down to 7.7%. joining me to talk about all of it, florida congresswoman debbie wasserman schultz and she chairs the democratic national committee. good friday afternoon to you. >> thank you. >> john boehner said today that democrats' plan is to, quote, slow walk our economy to the edge of the fiscal cliff. how do you respond it to that? >> well, that's just utterly preposterous. the republicans right now in the house of representatives ha
when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> we've had time. the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter lacking in specifics. >> meanwhile, vice president biden is having lunch with several middle class americans who would see their income taxes go up if the tax cuts are not extended. all of this...